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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Aaron A.
  • Rental Property Investor
  • IN
5
Votes |
11
Posts

Financing SFH Under $100k

Aaron A.
  • Rental Property Investor
  • IN
Posted

My lender will not finance a investment property under $100k. Is this typical in the midst of COVID? Where should I look for financing between the $70k-$100k?

Most Popular Reply

User Stats

250
Posts
181
Votes
James G.
  • Investor
  • St Louis, MO
181
Votes |
250
Posts
James G.
  • Investor
  • St Louis, MO
Replied

Try a more local bank or a portfolio lender. I used to run across this problem quite a bit, but when one lender said no to me, I would just call the next one until someone said yes. Keep searching until you find one, or build a relationship with a good lending broker. 

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